Entertainment - Investment Banking Today

Zomato buys Paytm’s entertainment ticket business for $244 million

TechCrunch: M&A

AUGUST 21, 2024

Zomato, the Indian food delivery giant, has acquired the entertainment ticketing business of financial services firm Paytm for $244.1 million, signaling a strategic move to expand its “going out” offerings.

Entertainment

Entertainment Business Financial Services Food

Wasserman Buys Brillstein, Merging Sports and Entertainment

The New York Times: Mergers, Acquisitions and Dive

SEPTEMBER 18, 2023

Casey Wasserman had long pledged to stay away from the traditional entertainment business, but he said a new media landscape changed his thinking.

Entertainment

Entertainment Media Business Mergers and Acquisitions

10-27-2023 Newsletter: From Investment Banking to Media & Entertainment

OfficeHours

OCTOBER 27, 2023

open.spotify.com/show/7aeLSeoDAPHEGZ89UECnmk We are excited to host Rhea Harsoor as she shares her insights and journey from Investment Banking to Media and Entertainment TODAY AT 3PM ET ! Registration Required Webinar Highlights: What drove your decision to transition from investment banking to the media and entertainment industry?

Entertainment

Entertainment Investment Banking Media Banking

Indian music label giant Saregama acquires Pocket Aces

TechCrunch: M&A

SEPTEMBER 28, 2023

Saregama has acquired a 51.82% stake in the digital entertainment startup Pocket Aces as the oldest Indian music label makes a deeper push into videos. Saregama is paying about $20 million for the 51.82% stake in Pocket Aces and plans to invest an additional $1.8

Entertainment

Entertainment Investment Mergers and Acquisitions Media

Lavish Entertainment, Inc. Expands Presence in Event Production Industry Through the Acquisition of ABI Create

Global Newswire by Notified: M&A

APRIL 11, 2024

(OTC PINK: GTVH) (“GTV” or the “Company”) is pleased to announce that Lavish Entertainment (or “Lavish”), a wholly owned subsidiary of GTV, has completed a full acquisition of ABI Create (or “ABI”), a premier event management and production firm.

Entertainment

Entertainment Acquisitions Collaboration Management

Round Hill Music buys music company Linus Entertainment

PE Hub

AUGUST 24, 2023

Linus Entertainment is a Waterdown, Ontario-based music company operating as an independent record label, distributor and publisher. The post Round Hill Music buys music company Linus Entertainment appeared first on PE Hub.

Entertainment

SDNY Judge Refuses To Transfer DOJ Case Against Concert Promoter, Finding Attempt To Unwind A Merger Cleared By Consent Decree Does Not Necessarily “Modify” The Decree

JD Supra: Mergers

OCTOBER 16, 2024

On October 3, 2024, United States District Judge Arun Subramanian refused to transfer the DOJ’s monopolization case against two companies in the live entertainment industry (“Defendants”) from the Southern District of New York to the District of Columbia. Live Nation Entertainment, Inc., United States, et al. and Ticketmaster L.L.C.,

Entertainment

Entertainment Mergers

D1 Capital hikes its bet on this entertainment stock by more than 400%, shifts Big Tech holdings

CNBC: Investing

MAY 17, 2024

Dan Sundheim's D1 Capital boosted its stake in this live entertainment stock during the first quarter.

Entertainment

Entertainment Capital Stock IT

FanDuel parent Flutter Entertainment can triple its U.S. profits over the next three years, Goldman says

CNBC: Investing

NOVEMBER 22, 2024

FanDuel parent Flutter Entertainment is poised for even more gains ahead as its U.S. growth takes off, according to Goldman Sachs.

Entertainment

Entertainment Profitability IT

U.S. Sues to Break Up Ticketmaster Owner, Live Nation

The New York Times: Mergers, Acquisitions and Dive

MAY 23, 2024

Accused of violating antitrust laws, Live Nation Entertainment faces a fight that could reshape the multibillion-dollar live music industry.

Entertainment

Entertainment Mergers and Acquisitions Acquisitions Mergers

OMERS to buy 5% indirect stake in Maple Leaf Sports & Entertainment

PE Hub

NOVEMBER 7, 2023

The post OMERS to buy 5% indirect stake in Maple Leaf Sports & Entertainment appeared first on PE Hub. MLSE owns the Toronto Maple Leafs, the Toronto Raptors, the Toronto Argonauts and other sports teams.

Entertainment

U.S. Plans to Accuse Live Nation of Defending a Monopoly

The New York Times: Mergers, Acquisitions and Dive

MAY 22, 2024

Live Nation Entertainment, the concert giant that owns Ticketmaster, faces a fight that could reshape the multibillion-dollar live music industry.

Entertainment

Entertainment Mergers and Acquisitions Acquisitions Mergers

DOJ to Sue Live Nation, Accusing It of Defending a Monopoly

The New York Times: Mergers, Acquisitions and Dive

MAY 22, 2024

Live Nation Entertainment, the concert giant that owns Ticketmaster, faces a fight that could reshape the multibillion-dollar live music industry.

Entertainment

Entertainment IT Mergers and Acquisitions Acquisitions

Deere FCPA Enforcement Action: Lessons on Post-Acquisition Integration and Investigation in M&A

JD Supra: Mergers

OCTOBER 11, 2024

The Securities and Exchange Commission (SEC) FCPA enforcement action involving Deere has bribery schemes that were torn literally from the first decade of the 21st century as they involved gifts, travel, and entertainment. By: Thomas Fox - Compliance Evangelist

M&A

M&A Entertainment Acquisitions Securities

Deere FCPA Enforcement Action: Lessons on Pre-Acquisition Due Diligence in M&A

JD Supra: Mergers

OCTOBER 10, 2024

The Securities and Exchange Commission (SEC) FCPA enforcement action involving Deere has bribery schemes that were torn literally from the first decade of the 21st century as they involved gifts, travel, and entertainment. By: Thomas Fox - Compliance Evangelist

M&A

M&A Entertainment Acquisitions Securities

[Audio] Episode 338 -- Deep Dive into the Deere SEC FCPA Case

JD Supra: Mergers

SEPTEMBER 29, 2024

million for FCPA violations is another textbook example of bribery schemes, which revealed the absence of a culture of compliance, and the circumvention of basic entertainment, hospitality and travel expense controls. The SEC's recent settlement with Deere & Company for $9.9

Hospitality

Hospitality Entertainment Consulting Government

Wells Fargo upgrades Flutter Entertainment, says buy the dip on the FanDuel parent stock

CNBC: Investing

OCTOBER 14, 2024

Investors should snatch up shares of Flutter Entertainment following a recent sell-off, according to Wells Fargo.

Entertainment

Entertainment Investors Shares Stock

Allied Industrial Partners-backed CES Power buys entertainment industry IT services firm Roundrock

PE Hub

DECEMBER 14, 2023

The post Allied Industrial Partners-backed CES Power buys entertainment industry IT services firm Roundrock appeared first on PE Hub. Based in Memphis, CES Power is a provider of sustainable mobile power generation, distribution, and temperature control solutions for large events.

Entertainment

Entertainment IT

[Podcast] Welcome to the R&G Dugout: Sports Investing—It’s a Whole New Ballgame

JD Supra: Mergers

DECEMBER 13, 2024

Welcome to the R&G Dugout, a new Ropes & Gray podcast series that delves into the dynamic world of sports investing, with a particular focus on the evolving ecosystem of media, entertainment, and private capital ventures. By: Ropes & Gray LLP

Investment

Investment Entertainment Media Capital

Sporting Events Business Faces $3.5 Million in Antitrust Gun Jumping Penalties

JD Supra: Mergers

AUGUST 8, 2024

Department of Justice (DOJ) reached one of its largest “gun jumping” settlements following allegations that sporting and entertainment events company, Legends Hospitality, illegally conducted business with its acquisition target, ASM Global Inc., This week, the Antitrust Division of the U.S. prior to consummating their transaction.

Business

Business Hospitality Entertainment Acquisitions

The Emails at the Heart of the Government’s Ticketmaster Case

The New York Times: Mergers, Acquisitions and Dive

MAY 24, 2024

Live Nation Entertainment, which owns Ticketmaster, is accused of violating antitrust laws. The Justice Department drew on the concert behemoth’s internal communications in its lawsuit.

Entertainment

Entertainment IT Mergers and Acquisitions Acquisitions

Providence invests in sports and entertainment venue architectural firm Populous Holdings

PE Hub

OCTOBER 18, 2023

The post Providence invests in sports and entertainment venue architectural firm Populous Holdings appeared first on PE Hub. Populous will continue to be led by one of its founders and global chair, Earl Santee, and its existing leadership.

Architecture

Architecture Entertainment Investment IT

ValueAct reveals stake in Fanduel-parent Flutter Entertainment

CNBC: Investing

MAY 16, 2024

The filing comes after Flutter listed its shares on the New York Stock Exchange in January, and ahead of a move in its primary listing to the U.S. on May 31.

Entertainment

Entertainment Stock Shares IT

David Ellison Poised to Become a New Mogul in a Diminished Hollywood

The New York Times: Mergers, Acquisitions and Dive

JULY 9, 2024

David Ellison is poised to soon run Paramount Pictures, among other entertainment assets. But what does that mean in a fractured cultural landscape?

Entertainment

Entertainment Mergers and Acquisitions Sale Media

U.S. DOJ seeks rare $3.5 million “gun jumping” penalty against Legends Hospitality for pre-closing conduct in connection with its acquisition of ASM Global

JD Supra: Mergers

AUGUST 8, 2024

On August 5, 2024, the United States Department of Justice (“DOJ”) filed a rare[1] gun jumping[2] civil lawsuit and proposed settlement in the United States District Court for the Southern District of New York against Legends Hospitality Parent Holdings, LLC (“Legends”)—a global sports and entertainment venue services company partially owned by the (..)

Hospitality

Hospitality Entertainment Acquisitions IT

Warren Buffett's Berkshire Hathaway hikes its SiriusXM stake to 32% after Liberty deal

CNBC: Investing

OCTOBER 14, 2024

Berkshire hiked its bet after Liberty Media completed its deal in early September to combine its tracking stocks with the rest of the entertainment company.

Entertainment

Entertainment IT Media Stock

U.S. DOJ Seeks Rare USD3.5 million “Gun Jumping” Penalty For Alleged Pre-Closing Conduct In Violation Of Hart-Scott-Rodino Act

JD Supra: Mergers

AUGUST 20, 2024

United States v. Legends Hosp. Parent Holdings, LLC, No. 1:24-cv-5927 (S.D.N.Y.

Entertainment

Entertainment Acquisitions Management IT

Big Screen Entertainment Group Expands Movie Slate with Acquisition of "Kateland and the Clown"

Global Newswire by Notified: M&A

MARCH 27, 2024

Big Screen Entertainment Group Announces new acquisition of Kateland and the Clown by Ronnie Khalil.

Entertainment

Entertainment Acquisitions

FL Entertainment: Banijay to build Media & Entertainment Powerhouse with Balich Wonder Studio

Global Newswire by Notified: M&A

JUNE 14, 2023

Banijay to Build Media & Entertainment Powerhouse with Balich Wonder Studio - Leading content producer distributor to acquire unique and prestigious live entertainment business -

Entertainment

Entertainment Media Business

Entertainment company RWS Global secures investment from Bluestone

PE Hub

SEPTEMBER 18, 2023

The post Entertainment company RWS Global secures investment from Bluestone appeared first on PE Hub. RWS Global marks Bluestone's second investment.

Entertainment

Entertainment Securities Investment

Ethernity Launches the First Entertainment-Focused Layer 2 Chain on Optimism’s Superchain

Global Banking & Finance

JULY 31, 2024

Los Angeles, United States, July 31st, 2024, Chainwire Ethernity, a pioneer in blockchain entertainment technology, announces the launch of its testnet for Ethernity Chain, a Layer 2 solution purpose-built for Fortune 500 entertainment brands.

Entertainment

Entertainment IT Finance Finance

ESE Entertainment Completes 100% Acquisition of Gaming Production Company, Bombee Americas

Global Newswire by Notified: M&A

OCTOBER 30, 2024

Merger Anticipated to Improve Financial Performance and Expand ESE’s Reach with Tier 1 Clients Across Gaming and Entertainment Sectors Merger Anticipated to Improve Financial Performance and Expand ESE’s Reach with Tier 1 Clients Across Gaming and Entertainment Sectors

Entertainment

Entertainment Mergers Acquisitions

SMC Entertainment Enters Letter of Intent to Acquire Boutique Investment Manager, Bateau Asset Management, Providing Entry to Australian and Southeast Asian Financial Services Market

Global Newswire by Notified: M&A

SEPTEMBER 9, 2024

SMC Entertainment Enters Letter of Intent to Acquire Boutique Investment Manager, Bateau Asset Management.

Boutique

Boutique Asset Management Entertainment Investment Manager

Arctic7 Set To Be Acquired By Media, Technology & Entertainment Company Grom Social Enterprises, Inc

Global Newswire by Notified: M&A

MARCH 14, 2024

Arctic7 Set To Be Acquired By Media, Technology & Entertainment Company Grom Social.

Entertainment

Entertainment Media

China’s version of Spotify is ‘underappreciated,’ Morgan Stanley says

CNBC: Investing

DECEMBER 3, 2023

"The music industry has been the fastest growing entertainment segment in China with 140% revenue growth between 2019 and 2023," Morgan Stanley estimates.

Entertainment

Rovio Entertainment Corp.: Trustee Appointed for the Arbitration Proceedings Concerning the Redemption of Minority Shares in Rovio Entertainment Corporation

Global Newswire by Notified: M&A

SEPTEMBER 26, 2023

Rovio Entertainment Corporation Stock Exchange Release September 26, 2023, at 6.00 EEST Trustee Appointed for the Arbitration Proceedings Concerning.

Entertainment

Entertainment Corporation Stock Shares

Truist downgrades Penn Entertainment, says uncertainty lingers over ESPN partnership

CNBC: Investing

AUGUST 10, 2023

The firm downgraded the gaming stock to hold from buy on Wednesday with a $3O per share price target, down from $33.

Entertainment

Entertainment Stock Shares

Biggest Entertainers Trust Rock Lititz: They Trust Cisco

Cisco: M&A

JULY 5, 2023

Hidden where you would least expect it in Amish country, Pennsylvania, Rock Lititz 108-acre campus provides an ideal environment for the biggest names in live music to develop and perfect their live… Read more on Cisco Blogs

Entertainment

Entertainment IT Media

Alliance Entertainment Acquires Handmade by Robots

Global Newswire by Notified: M&A

DECEMBER 18, 2024

Alliance teams up with BDA to accelerate growth for highly sought-after vinyl-figure collectibles Alliance teams up with BDA to accelerate growth for highly sought-after vinyl-figure collectibles

Entertainment

Rovio Entertainment Oyj: Välimiesoikeus on vahvistanut Sega Europe Limitedin lunastusoikeuden Rovio Entertainment Oyj:n vähemmistöosakkeisiin, ja kaupankäynti Rovion osakkeilla on keskeytetty

Global Newswire by Notified: M&A

JANUARY 12, 2024

Rovio Entertainment Oyj Pörssitiedote 12.1.2024 klo 12.30 Välimiesoikeus on vahvistanut Sega Europe Limitedin lunastusoikeuden Rovio.

Entertainment

Rovio Entertainment Corp.: Preliminary result of Sega Europe Limited’s recommended cash offer for all the shares and options in Rovio Entertainment Corporation

Global Newswire by Notified: M&A

AUGUST 8, 2023

SEGA EUROPE LIMITED / ROVIO ENTERTAINMENT CORPORATION August 8, 2023, at 6:30 p.m. EEST NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN.

Entertainment

Entertainment Corporation Shares

New York Knicks parent company to see strong earnings thanks to NBA playoff run, Bank of America says

CNBC: Investing

MAY 8, 2024

A slam dunk run from the New York Knicks and Rangers should bode well for this live entertainment company.

Entertainment

Entertainment Banking Bank

Wi-Fi 6E: Revolutionizing Connectivity for Sports and Entertainment Venues

Cisco: M&A

DECEMBER 20, 2024

In recent years, there has been a significant increase in the need for robust and reliable high-speed Wi-Fi in sports and entertainment venues. Wi-Fi networks offer numerous opportunities to enhance Read more on Cisco Blogs

Entertainment

Entertainment Media

Shares of this restaurant chain are forming a long-term turnaround, according to the charts

CNBC: Investing

FEBRUARY 5, 2024

Dave & Buster's Entertainment (PLAY) is a restaurant and sports entertainment company with a compelling long-term setup on its chart.

Entertainment

Entertainment Shares IT

Zomato buys Paytm’s entertainment ticket business for $244 million

Wasserman Buys Brillstein, Merging Sports and Entertainment

Trending Sources

10-27-2023 Newsletter: From Investment Banking to Media & Entertainment

Indian music label giant Saregama acquires Pocket Aces

Lavish Entertainment, Inc. Expands Presence in Event Production Industry Through the Acquisition of ABI Create

Round Hill Music buys music company Linus Entertainment

SDNY Judge Refuses To Transfer DOJ Case Against Concert Promoter, Finding Attempt To Unwind A Merger Cleared By Consent Decree Does Not Necessarily “Modify” The Decree

D1 Capital hikes its bet on this entertainment stock by more than 400%, shifts Big Tech holdings

FanDuel parent Flutter Entertainment can triple its U.S. profits over the next three years, Goldman says

U.S. Sues to Break Up Ticketmaster Owner, Live Nation

OMERS to buy 5% indirect stake in Maple Leaf Sports & Entertainment

U.S. Plans to Accuse Live Nation of Defending a Monopoly

DOJ to Sue Live Nation, Accusing It of Defending a Monopoly

Deere FCPA Enforcement Action: Lessons on Post-Acquisition Integration and Investigation in M&A

Deere FCPA Enforcement Action: Lessons on Pre-Acquisition Due Diligence in M&A

[Audio] Episode 338 -- Deep Dive into the Deere SEC FCPA Case

Wells Fargo upgrades Flutter Entertainment, says buy the dip on the FanDuel parent stock

Allied Industrial Partners-backed CES Power buys entertainment industry IT services firm Roundrock

[Podcast] Welcome to the R&G Dugout: Sports Investing—It’s a Whole New Ballgame

Sporting Events Business Faces $3.5 Million in Antitrust Gun Jumping Penalties

The Emails at the Heart of the Government’s Ticketmaster Case

Providence invests in sports and entertainment venue architectural firm Populous Holdings

ValueAct reveals stake in Fanduel-parent Flutter Entertainment

David Ellison Poised to Become a New Mogul in a Diminished Hollywood

U.S. DOJ seeks rare $3.5 million “gun jumping” penalty against Legends Hospitality for pre-closing conduct in connection with its acquisition of ASM Global

Warren Buffett's Berkshire Hathaway hikes its SiriusXM stake to 32% after Liberty deal

U.S. DOJ Seeks Rare USD3.5 million “Gun Jumping” Penalty For Alleged Pre-Closing Conduct In Violation Of Hart-Scott-Rodino Act

Big Screen Entertainment Group Expands Movie Slate with Acquisition of "Kateland and the Clown"

FL Entertainment: Banijay to build Media & Entertainment Powerhouse with Balich Wonder Studio

Entertainment company RWS Global secures investment from Bluestone

Ethernity Launches the First Entertainment-Focused Layer 2 Chain on Optimism’s Superchain

ESE Entertainment Completes 100% Acquisition of Gaming Production Company, Bombee Americas

SMC Entertainment Enters Letter of Intent to Acquire Boutique Investment Manager, Bateau Asset Management, Providing Entry to Australian and Southeast Asian Financial Services Market

Arctic7 Set To Be Acquired By Media, Technology & Entertainment Company Grom Social Enterprises, Inc

China’s version of Spotify is ‘underappreciated,’ Morgan Stanley says

Rovio Entertainment Corp.: Trustee Appointed for the Arbitration Proceedings Concerning the Redemption of Minority Shares in Rovio Entertainment Corporation

Truist downgrades Penn Entertainment, says uncertainty lingers over ESPN partnership

Biggest Entertainers Trust Rock Lititz: They Trust Cisco

Alliance Entertainment Acquires Handmade by Robots

Rovio Entertainment Oyj: Välimiesoikeus on vahvistanut Sega Europe Limitedin lunastusoikeuden Rovio Entertainment Oyj:n vähemmistöosakkeisiin, ja kaupankäynti Rovion osakkeilla on keskeytetty

Rovio Entertainment Corp.: Preliminary result of Sega Europe Limited’s recommended cash offer for all the shares and options in Rovio Entertainment Corporation

New York Knicks parent company to see strong earnings thanks to NBA playoff run, Bank of America says

Wi-Fi 6E: Revolutionizing Connectivity for Sports and Entertainment Venues

Shares of this restaurant chain are forming a long-term turnaround, according to the charts

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